10 8 Financial News: According to the administrative penalty information disclosure table from the Dezhou Regulatory Branch of the National Financial Regulatory Administration, PICC Auto Insurance Sales Service Co., Ltd. Dezhou Branch was warned and fined 1 million yuan for hiring individuals who were not registered as practicing agents within its organization to conduct insurance agency business and for failing to establish business records as required. At the same time, Dong Wenzhe, the then-head of the branch, received a warning and was fined 1 million yuan for similar violations, including hiring unregistered individuals and failing to maintain proper business records.
Fine details:
No. Party Name Penalty Decision Number Main Illegal and Irregular Acts Penalty Content Issuing Authority 1 PICC Auto Insurance Sales Service Co., Ltd. Dezhou Branch De Jin Fa Jue Zi [ 2026 ] No. 11 Employing individuals who have not completed professional registration at our institution to conduct insurance agency business; failing to establish business files as required Warning and a fine of RMB 1 ten thousand Yuan Dezhou Bureau, National Financial Regulatory Administration 2 Dong Wenzhe (then the main person in charge of PICC Auto Insurance Sales Service Co., Ltd. Dezhou Branch) De Jin Fa Jue Zi [ 2026 ] No. 12 Warning and a fine of RMB 1 ten thousand Yuan Dezhou Bureau, National Financial Regulatory Administration
